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EURAUD Risks Near-Term Reversal Heading Into H&S Target, Key Support
EURAUD looks to complete a multi-month pattern into support and remains vulnerable for a reversal heading into August. Here are the updated targets & invalidation levels.
Looking for Lower-High in USD/JPY as Pair Pushes Into Resistance
The Dow Jones-FXCM U.S. Dollar Index remains at risk for a lower-high, while the USD/JPY looks poised to resume the downward trend as comes up against resistance.
Surprise PMIs Offer EUR/JPY, EUR/USD ST Reversal Opportunities
The Euro may be poised for a short-term bounce against its major counterparts over the coming days, as the most important data on the Euro-Zone economic calendar this week roundly beat expectations.
Gold, Crude Oil Vulnerable As Traders Look Past Ukrainian Tensions
Crude oil and gold may be at risk of a pullback as traders look past geopolitical tensions in Eastern European and the Middle East.
Euro Selloff May Continue as PMIs Fuel Bets on More ECB Stimulus
The Euro may launch the next leg of its decline after hitting an eight-month low as a soft set of PMI figures fuels speculation about an expansion of ECB stimulus.
Dollar Fails to Leverage Key EURUSD Break
The key to seeing the dollar and broader financial markets return to trend – bullish or bearish – is seeing the masses return and reestablish a level of commitment. Can the combo of NFPs, FOMC decision and 2Q US GDP net week do it?
GBP Crosses Sitting at Support Following BoE- U.K. 2Q GDP in Focus
The Dow Jones-FXCM U.S. Dollar Index looks poised for larger correction, while the British Pound cross rates sit at a key juncture following the BoE Minutes.
AUDNZD Rally At Risk Ahead of RBNZ- 1.0880 Key Resistance
Our topside bias is vulnerable heading into major event risk as the pair holds just below critical resistance. Here are the updated targets & invalidation levels.
NZD/USD to Carve Higher-Low on Hawkish RBNZ Forward-Guidance
The Reserve Bank of New Zealand’s (RBNZ) forward-guidance may heavily impact the NZD/USD as market participants weigh the outlook for monetary policy.
BoE Sings Dovish Tune - How Threatened are GBP Longs?
While we are not looking to sell the British Pound, it is cautioned that a number of significant uptrends in these pairs are currently being threatened.
Crude Oil At A Crossroads, Gold Could Remain Elevated As USD Drops
Crude oil may be set for a turbulent session with the possiblity that fading supply disruption fears could be offset by a bullish US inventories report.
British Pound at Risk with July BOE Meeting Minutes in the Spotlight
The British Pound appears vulnerable as currency markets look to the release of minutes from July’s Bank of England policy meeting for direction cues.
British Pound Out of Room and Facing Trial by Event Risk
In the forthcoming trading session, we have three events that could stoke the pound’s most pressing interests: interest rate expectations. Set for simultaneous release, the BBA home loans data takes on increased prominence with officials’ warnings about the sector growing overheated; while the BoE minutes will directly shape the central bank’s bearings.
AUD/USD Vulnerable to Weak 2Q CPI Report; Key Support Zones in Focus
The AUD/USD may come under increased pressure over the next 24-hours of trade should Australia’s 2Q Consumer Price Index (CPI) drag on interest rate expectations.
NZDCAD Testing Range Support Ahead of RBNZ- 9285 Key
NZDCAD is now testing critical support at the June/July range lows ahead of major event risk tomorrow. Here are the updated targets & invalidation levels.
Dollar Surges, but Two Key Risks Warn of Euro Bounce
The US Dollar trades at yearly highs versus the Euro and is strengthening versus other major counterparts, but these two key factors favor a Dollar pullback.
GBP/USD Range in Focus Ahead of BoE; Has EUR/USD Made a Lower-Low?
The Dow Jones-FXCM U.S. Dollar Index continues to search for a lower-high while the GBP/USD remains at risk for a larger correction on the Bank of England (BoE ) Minutes.
Managing USD Expectations with EUR/USD, USD/CAD (but not USD/JPY)
For the second day in a row the European economic calendar was particularly barren, but event risk traders will find solace in several potentially market moving data releases out of the United States this morning.
Crude Looks To US Inventories, Gold Suffers As Safe-Haven Demand Ebbs
WTI may be set for a volatile session with US inventories data on tap, while gold and silver remain vulnerable as traders look past elevated geopolitical tensions.
EUR/USD Risks Further Losses on Sticky U.S. CPI; 1.3450 on Tap?
The EUR/USD may face a further decline over the next 24-hours of trading should the U.S. Consumer Price Index (CPI) undermine the Fed’s dovish tone for monetary policy.
US Dollar May Rise on Fed Bets as June Inflation Data Tops Forecasts
The US Dollar is likely to rise amid firming Fed policy speculation if June’s US inflation data tops economists’ consensus forecasts.
Dollar: Can US CPI Break Greenbacks Technical Boundaries?
The Dow Jones FXCM Dollar Index (ticker = USDollar) was nudged higher this past session, but the move clearly lacked the belief we would expect from a commitment from bulls. Similar hesitation is seen from EURUSD at 1.3500, GBPUSD at 1.7000 and AUDUSD above 0.9300.
GBPJPY Eyes Major Inflection Zone- Weekly Opening Range in Focus
GBPJPY is back at a key inflection zone highlighted last month with the weekly opening range taking shape just above. Here are the updated targets & invalidation levels.
AUD/USD Eyes Range Support Ahead of 2Q CPI- NZD Opening Gap in Focus
The Dow Jones-FXCM U.S. Dollar Index remains at risk for a topping process, while the AUD/USD eyes key support as it falls back from resistance.
EUR/USD Breakdown, GBP/CAD, USD/CAD Breakouts Eyed this Week
The low frequency of economic data combined with the high intensity of emotional news headlines crossing the wires makes for trading conditions better suited for technical traders as timing and precision increase in importance.
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